The Bank’s Board of Directors has set a policy to pay maximum dividend with consideration for prudential capital levels and regulatory requirements, which are payable in any year of positive profits net of all legal reserves and other reserve requirements, provided that there is no accumulated loss and the Bank maintains sufficient capital to meet legal requirements.

Within 1 month after it is resolved by the general shareholders meeting or the board of directors meeting, as the case may be.

SCB will consider paying interim dividends as it deems appropriate.

The dividend paid for preferred shares and ordinary shares during the past 5 years can be checked through the history of dividend payments at http://www.scb.co.th >> For Shareholders >> Stock Information >> Dividend History

SCB will make payment of dividend to the shareholders by 2 methods: (i) by transferring to shareholders' designated bank accounts (e-Dividend), or (ii) by cashier cheques.

         The transfer of dividend to shareholders’ designated bank accounts (e-Dividend) will ensure that shareholders will receive dividend on time, reduce problems on undeliverable cheques of dividend payment to shareholders due to loss or no recipient error, and will reduce time and cost of shareholders to deposit cheque at bank for clearing cheques in respect of dividend payment. The shareholders who receive dividend payment via e-Dividend will still receive withholding tax certificate and notice of dividend payment by transferring to account via a registered mail.

         There are three methods to apply for dividend payment by transferring to shareholders' designated bank accounts (e-Dividend) as indicated by SCB's registrar, TSD, namely:

         1. Website: www.set.or.th/tsd by clicking menu Investor Portal and apply for membership (in case of new member) or click “sign in” (in case of existing member) and select menu “Amend Shareholder Information” >> Apply/ Amend Information for e-Dividend >> Fill-in Bank Account Information and attach a copy of bank account file.

         2. ATM of Siam Commercial Bank and Bangkok Bank or Bualuang iBanking (only shareholders who have deposit accounts at the two banks), by selecting e-Dividend with TSD >> select type of account for the transfer of dividend payment >> indicate bank account number, national ID number, number of a mobile for receipt of application result via SMS.

         3. Post, by filling in the application or the request for dividend or interest payment to designated bank account and attached the documents as indicated in the application form >> sign-in the form and all documents >> send via post to TSD or to broker/ custodians that shareholders have an account.      

Shareholders can learn about the e-Dividend application processes and download the e-Dividend application form from website: https://www.set.or.th/th/tsd/services/investors/e-services/e-dividend 

SCB is currently subject to 20% corporate income tax rate. Therefore, with such rate of corporate income tax, the individual shareholders receiving dividends are basically entitled to tax credit at the rate of 20/80.

1. In case of subsidiaries that SCB has full controlling power and such subsidiaries are not listed in the Stock Exchange of Thailand, the dividend will be paid at the highest rate from net profits after appropriation of legal reserves and other required reserves, including funds reserved for necessity in business operations.

2. In the case of subsidiaries that are listed in the Stock Exchange of Thailand or that SCB does not have full controlling power, the dividend payment will depend upon the policy announced by each subsidiary and will be consistent with the relevant rules and regulations.

The annual general meeting of shareholders will be held within 4 months from the end of each accounting year of SCB (that is, 31 December of every year).

Any shareholders can appoint another person or an independent director of the Bank as his/her proxy to vote on his/her behalf at the general shareholders meeting by preparing a proxy form based on the form prescribed by law or the proxy form provided by SCB to shareholders together with the notice of the general shareholders meeting. The shareholders can indicate their vote casting by granting the proxy to cast votes at his/her discretion or directing that the vote(s) be cast on the specified resolutions as indicated. The duly executed proxy form in this regard must be delivered to SCB prior to the date of the general shareholders meeting.

Shareholders can obtain the documents by Corporate Office Function, SCB, located at No. 9 Ratchadapisek Road, Chatuchak Sub-District, Chatuchak District, Bangkok 10900, Thailand, tel: +66 2 544-3445, +66 2 544-4218, +66 2 544-4217, or by downloading from website: http://www.scb.co.th >> For Shareholders >> Shareholder Services.

There are 2 types of SCB’s shares, i.e. ordinary shares and preferred shares.

More Details of SCB Shares can be checked at http://www.scb.co.th >> For Shareholders >> Stock Information >> Details of SCB Shares.

As the preferential rights of SCB’s preferred shares had expired since 10 May 2009, at present, the holders of preferred shares are no longer entitled to any preferential rights, and can only enjoy the same rights as those of the holders of ordinary shares.

The status of those preferred shares still remain unchanged until the holder of such preferred shares submits a request for conversion of preferred shares into ordinary shares. 

The preferred shares can be converted into ordinary shares on a quarterly basis as follows:

Thailand Securities Depository Company Limited (TSD),
Floor 1, The Stock Exchange of Thailand Building
No. 93, Ratchadapisek Road, Din Daeng Sub-District, Din Daeng District, Bangkok 10400

Tel: +662-009-9999

Website: https://www.set.or.th/th/tsd/overview

The shareholders can contact TSD for the following share register services:

•  Share transfer (e.g., transfer by inheritance, transfer of shares in respect of minor, guardian or incompetent person);
•  Request for issuance of new share certificates in lieu of lost or damaged share certificates;
•  Request for separation/combination of share certificates,
•  Request for change of personal particulars of shareholders (e.g., name-surname, address, dividend payment, etc.);
•   Request for verification of shareholding particulars and documents related to shareholding;
•  Application for receipt of the dividends declared;
•  Request for issuance of new cheque(s) (in case of loss, expiration, changes of name-surname, trustee etc.)
•  Conversion of preferred shares into ordinary shares.

Shareholders can download application forms at website: https://www.set.or.th/th/tsd/services/investors/main, and send the completed forms with the attachment to TSD by post at the following address

Thailand Securities Depository Company Limited (TSD)
Shareholder Service Unit, The Stock Exchange of Thailand Building

No. 93, Rachadapisek Road, Din Daeng Sub-District, Din Daeng District Bangkok 10400

The current foreign shareholding limit for SCB’s shares is 45.81% of the total issued and outstanding shares (both ordinary and preferred shares). If the investors would like to know the latest foreign shareholding ratio in SCB, the investors can contact SCB’s share registrar, or TSD, at Tel: +66 2 229-2888.